For a country that its total debt profile has risen to N24.387t, where subsidy for imported petrol stood at N10t between 2006 and 2018, and where the number of poor Nigerians stands at 91 million, while unemployment figure settles at 20.9 million, the Federal Government is only rubbing salt in the wound if yearly losses…

Over the previous 10 to 15 years, Nigeria oil and gas sector has been comatose or at best seen very sluggish growth. In the upstream sector, the rig count has dropped from a high of 200 to a current low of 10.